Originally Posted: Wednesday, June 16, 2004Revised: Will update for each draw

If you should win Lotto Texas or Mega Millions,
then click here and start getting educated.

If You Won Lotto Texas on Feb 21, 2018The TLC adopted a new rule effective April 23, 2006 & April 14, 2013.
It
guarantees that the winner receives the greater of either
40.47% of "roll" sales OR the amount needed to invest
that will give a return of the amount advertised - called the
"investment cost." (CVO) The highest amount shown below is
how
much they SHOULD invest for you (if annual pay) - If
CVO,
should pay you - less taxes (25%). The 02/21/18 jackpot
is advertised at $12.25 million and is the 19th drawing in the roll.(April 14, 2013 - New Lotto Texas Rule)

Cost Based on Rate/factor (30 Years): 1.5052%
(Will owe more in taxes at end of year.)

(Actual sales figures to come Wednesday, Feb 22, 2018)
Ticket Sales For This Draw (02/21/18): Est $982,287(Free tickets this draw: $?? not deducted)Allocated to pay the jackpot winner from
just the Feb 21 drawing: Est $397,532("Draw Sales" - Represents how many
tickets were sold for the 02/21/18 draw.
To guarantee a winner, they need to sell
the vast majority of the 25.8 million
combinations and then it is still ify.)

"Roll" Sales (19 draws): Est $20,458,673"Roll" sales is how much they've sold for all draws
since the Dec 20, 2017 draw. The winners share
of sales is carried forward until there is a winner
and is kept in the "prize pool." The winner is
entitled to receive at least40.47% of roll sales
which essentially means, all that is in the
jackpot prize pool. More info below ...

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Re-Cap Dec 16, 2017 Lotto Win
One winning ticket - Advertised @ $5.5 Million
was sold in Weatherford - Quick Pick - CVO
"ROLL" Sales (3 draws) were: $2,981,030
In Jackpot Prize Pool: $1,206,423Net Winnings (Minimum Tax 25%): $N/ARate/Factor on Friday, 12/15/17: 1.4186%Rate/Factor on Monday, 12/18/17: 1.4184101%Gross Winnings (Investment Cost): $3,877,581Net Winnings (Minimum Tax 25%): $2,908,186As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Monday, Dec 18, 2017. The TLC is short
to
fund this win by <$2,671,158>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$91,770,876> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.Retailer: Peaster Grocery & Grill, 6231 FM 920, Weatherford
Winner: Anonymous Winner from Poolville Collected Jan 11, 2018

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Re-Cap Dec 6, 2017 Lotto Win
One winning ticket - Advertised @ $5 Million
was sold in Shamrock - Quick Pick - CVO
"DRAW" Sales (1 draw) were: $910,380
In Jackpot Prize Pool: $368,431Net Winnings (Minimum Tax 25%): $N/ARate/Factor on Wednesday, 12/06/17: 1.4196%Rate/Factor on Thursday, 12/07/17: 1.4203944%Gross Winnings (Investment Cost): $3,520,149Net Winnings (Minimum Tax 25%): $2,640,112As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Thursday, Dec 7, 2017. The TLC is short
to
fund this win by <$3,151,718>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$89,099,718> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.Retailer: Garrison Food Mart, 1627 N Main
Winner: Anonymous Winner from OK City Collected Jan 10, 2018

Re-Cap July 19, 2017 Lotto Win
One winning ticket - Advertised @ $7 Million
was sold in Little Elm - Quick Pick - CVO
"Roll" Sales (9 draws) were: $8,852,530
In Jackpot Prize Pool: $3,582,619Net Winnings (Minimum Tax 25%): $N/ARate/Factor on Wednesday, 07/19/17: 1.4366%Rate/Factor on Thursday, 07/20/17: 1.4309915%Gross Winnings (Investment Cost): $4,891,713Net Winnings (Minimum Tax 25%): $3,668,784As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Thursday, July 20, 2017. The TLC is short
to
fund this win by <$1,309,094>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$85,948,000> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.Retailer: Krogers, 2671 Little Elm
Winner: The Gretta Trust - John C Andrews, Trustee of Frisco -collected 8/25/17 (But no press release was issued until 1/18/18)

Re-Cap March 25, 2017 Lotto Win
One winning ticket - Advertised @ $27.25 Million
was sold in San Antonio - Quick Pick - CVO
"Roll" Sales (41 draws) were: $46,193,643
In Jackpot Prize Pool: Est $18,694,567Net Winnings (Minimum Tax 25%): $14,020,925
Rate/Factor on Saturday, 03/25/17: 1.4615%Rate/Factor on Monday, 03/27/17: 1.450635%Gross Winnings (Investment Cost): Est $18,784,876Net Winnings (Minimum Tax 25%): $14,088,657As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Monday, March 27, 2017. The TLC is short
to
fund this win by <$90,309>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$84,638,906> from
either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.Retailer: San Antonio: HEB, 2130 Culebra (Quick Pick)
Winner: Norma Rios, San Antonio Collected 3/31/17

Re-Cap July 6, 2016 Lotto Win
One winning ticket - Advertised @ $6 Million
was sold in Weatherford - Quick Pick - CVO
"Roll" Sales (5 draws) were: $5,136,711
In Jackpot Prize Pool: $2,078,827Rate/Factor on Wednesday, 7/06/16: 1.2922%Rate/Factor on Thursday, 7/07/16: 1.2999726%Gross Winnings (Investment Cost): $4,615,482Net Winnings (Minimum Tax 25%): $3,461,611As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Thursday, July 7, 2016. The TLC is short
to
fund this win by <$2,536,655>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$84,548,597> from
either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.Retailer: Food Mart, 1405 S Main, Weatherford
Winner: Roy Gibson of Weatherford collected July 14, 2016

The schools do NOT see ADDITIONAL money as a result of lottery sales.
Whatever the lottery contributes to the School Foundation Fund just lessens the
amount the state has to take from the General Revenue Fund to place into the
school fund. Lottery money is not IN ADDITION to the budgeted amounts.
See San Antonio's WOAI TV newscast regarding lottery money
for
education, click here then click on "Watch this story."

Important Tidbits

The amount you see advertised, "$15 Million" represents the approximate amount one would collect AFTER the money you actually won was invested for 25 years. The "$15 Million" includes the interest earned from your actual winnings which is 40.47% of roll sales. It's just like being a commissioned sales person.

If you chose Cash Value Option, the amount shown above is the exact amount you have coming ... less taxes.
I hope you marked CVO on your playslip.

If you chose Annual Pay, the amount shown above is how much the TLC should invest for you minus your first payment. The Texas Lottery buys securities that are backed by the US government called "zero's/strips." You are "suppose" to receive ALL of the earnings from your investment. At the time you collect your prize in Austin, before signing ANY papers, I strongly urge you to request copies of the actual investments made on your behalf. Those papers will include your "CUSIP" numbers and then you will be able to track the earnings through the U. S. Treasury. You should also obtain the rate to verify the return. How to do this is shown on the same page with the zero's/strips and CUSIP numbers - it's the last section on the page.

Advise to Players/Winners

1. Do NOT buy lottery tickets online. They are NOT legal. There are some sites that are selling Texas tickets for $2 apiece. Dont fall prey to this for SEVERAL reasons ... #1 - You dont know for sure that the site will really buy you a ticket - they could just pocket your money; #2 - Lottery tickets sell for $1 apiece and its against the law to pay more than that for a ticket - if you were to win - the TLC would not validate [pay] the ticket; #3 - only licensed retailers can make a profit - of .05 cents - for selling lottery tickets; #4 - It is against the law to use a credit card for purchasing lottery products.

2. Mark your playslip CVO (cash value option) - Do NOT choose Annual Pay. Then there will be no doubt that you will receive all that you really won which is in essence, 40.47% of total sales in the ROLL -Update - In Nov 2005, Texas changed its rule. They now guarantee the greater of either the "investment cost" or the amount in the prize pool.

Unlike most other states, Texas does not allow players to choose which way they want to receive their winnings after they won - Texas makes players choose annual pay or cash value option at the time the ticket is purchased. The TLC claims it has something to do with the IRS. But a quick call to the IRS asking which option players should take will result in the answer being CASH VALUE OPTION.

3. Should you actually win - dont do anything for 30 days - calm down first. In the meantime, hire a lawyer and an accountant to help you understand investments and finance. Dont tell anyone that youve won and buy excessive insurance. Put your signed winning ticket in a bank box - borrow maybe $50,000 to just blow - get it out of your system.

For a better understanding about investments,
securities, zero's, strips ... and ... if you are a
previous winner, see how you can determine if
you are really receiving ALL of your winnings.
Click here.